Dairy Giant Fonterra Returns to India, an Industrial Info Market Brief

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Leading dairy producer Fonterra left in India in 2007, when it ended a joint venture (JV) with Britannia Dairy Private Limited due to heavy competition from local players, such as Mother Dairy and Amul.

The New Zealand-based multinational dairy is re-entering India's market in a JV with Future Consumer Limited, the New Zealand wing of India's Kishore Biyani, to launch products such as ultra-high temperature processed (UHT) milk, milkshakes, yogurt, etc., as well as a partnership with packer and processor Schreiber Dynamix Dairies.

Industrial Info is tracking about $163 million in active Fonterra projects. Click here for a list, and see graph below for a breakdown by standard industrial classification (SIC) code.